Timken (NYSE:TKR) PT Raised to $95.00

Timken (NYSE:TKR) had its target price increased by analysts at KeyCorp from $91.00 to $95.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s target price suggests a potential upside of 6.16% from the company’s previous close.

Several other equities analysts have also recently commented on TKR. StockNews.com cut Timken from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Evercore ISI lowered Timken from an “outperform” rating to an “in-line” rating and set a $84.00 price target for the company. in a research report on Tuesday, February 20th. Oppenheimer reaffirmed an “outperform” rating and issued a $100.00 price target (up previously from $97.00) on shares of Timken in a research report on Thursday, March 21st. The Goldman Sachs Group boosted their target price on Timken from $78.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Finally, DA Davidson assumed coverage on Timken in a research note on Tuesday, January 23rd. They set a “buy” rating and a $92.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Timken currently has a consensus rating of “Hold” and an average target price of $87.09.

Timken Stock Performance

TKR stock traded up $0.32 during midday trading on Thursday, reaching $89.49. 408,980 shares of the company’s stock traded hands, compared to its average volume of 516,739. Timken has a 52 week low of $65.71 and a 52 week high of $95.08. The company has a 50-day moving average price of $86.12 and a two-hundred day moving average price of $79.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.87. The firm has a market capitalization of $6.30 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51.

Timken (NYSE:TKR) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.50 by $0.27. Timken had a return on equity of 17.98% and a net margin of 7.99%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company earned $2.09 EPS. The firm’s revenue was down 5.7% compared to the same quarter last year. As a group, equities analysts anticipate that Timken will post 6.18 EPS for the current year.

Hedge Funds Weigh In On Timken

Several large investors have recently modified their holdings of the business. Fidelis Capital Partners LLC acquired a new stake in Timken in the 1st quarter valued at about $26,000. Livelsberger Financial Advisory acquired a new stake in shares of Timken in the fourth quarter valued at about $30,000. GAMMA Investing LLC acquired a new stake in shares of Timken in the fourth quarter valued at about $35,000. Anchor Investment Management LLC acquired a new stake in Timken in the 4th quarter valued at about $58,000. Finally, CWM LLC increased its stake in shares of Timken by 50.0% during the 3rd quarter. CWM LLC now owns 906 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 302 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

About Timken

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.